Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating stories that fly under the radar of today’s crypto news.
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legal news
- bitzlatocrypto exchange Was accused Nearly €1 billion ($1.086 billion) in assets linked to criminal activity were exchanged by the US last week with money laundering, Told EU law enforcement agency europol, “Targeting important crime facilitators such as crypto exchanges is becoming a major priority in the fight against cybercrime. […] While conversion of crypto-assets into fiat currencies is not illegal, investigations into cybercriminal operators indicate that large amounts of criminal assets were transiting through the platform,” the agency said.
banking news
- seba bankA licensed digital assets bank, launched an exclusive multi-level membership program for institutional clients. To In the press release, customers can choose between three programs: The Gold and exclusive Platinum programs provide professional investors with access to institutional-grade crypto and traditional financial services, while the Corporate program is aimed at companies active in the crypto space, Those who also require traditional. banking services.
- US Federal Home Loan Bank System (FHLB), a consortium of 11 regional banks, is lending billions of dollars to the two largest crypto banks, signature bank And Silvergate CapitalIn an effort to mitigate the effects of increased withdrawals, According To The Wall Street Journal. It reportedly has about $10 billion in loans due in the fourth quarter of 2022 to Signature Bank and $3.6 billion to Silvergate.
cbdc news
- based in hong kong red date technologyTechnical Architect for State-backed China blockchain-based service network (BSN) has launched a new initiative – Universal Digital Payments Network (UDPN) – which aims to stable coins and central bank digital currencies (cbdc) interoperable to facilitate cross-border payments, South China Morning Post Reported, “in the form of bus acute The network created the original common standard for messaging between financial institutions in different settlement systems, and UDPN will serve a similar purpose for the emerging generation of CBDCs and stablecoins,” the company wrote in the UDPN white paper.
regulation news
- IndiaIndia’s junior IT minister Rajeev Chandrasekhar said there is no problem with cryptocurrencies in India if all laws are followed – contrary to the view of the central bank advising investors to stay away from crypto. According to Reuters. Speaking at an event in the southern city of Bengaluru, Chandrasekhar said: “As long as you follow the legal process, there is nothing that prohibits cryptocurrencies.”
- Central African Republic (CAR) has formed a committee of experts from several government ministries to draft a crypto law, President Faustin-Archange Toudera Told in a tweet. He wrote that “15 expert […] Several ministries of my government form the committee responsible for preparing a new, more comprehensive bill on the use of cryptocurrencies and offering CAR this unique opportunity for economic and technological development.
- Australian Financial Services Minister Stephen Jones has said there are good arguments for treating some cryptocurrencies as financial products under the law, as the government aims to introduce legislation to regulate the crypto sector later this year. Reported Sydney Morning Herald. Noting that crypto regulation will be a key issue in 2023, Jones said that as a first step, the government will soon launch a “token mapping” exercise that will show which cryptocurrencies it plans to regulate.
tax news
- crypto do platform cointracker announced a partnership with by The Book Accountancy Ltd., an accountant with over 10 years of advising on UK taxes and small businesses. The two projects will collaborate to release a range of educational content and resources for UK crypto users and will launch a three-part, educational Twitter Spaces series from 24 January to help UK users prepare for tax season. Told Press release.
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